Space Jam 2 is due to be released on July 16, 2021 - 25 years after the first movie.
The sequel to the basketball favourite will see current NBA star LeBron James star alongside Bugs Bunny and the rest of the Looney Toons.
The original movie, which featured legend Michael Jordan, was released in 1996.
According to The Hollywood Reporter, Creed and Black Panther director Ryan Coogler has signed on as a producer while Terence Nance looks set to direct.
LA Lakers star James was first attached to the sequel in 2014.
It will be the basketball player's first starring role in a film, with James having featured in Amy Schumer's hit film Trainwreck in 2015.
He also featured in the 2018 animated film Smallfoot.